Business, 15.07.2020 02:01 rol15

Knight Roundtable Co. had annual credit sales of $864,000 and an average collection period of 40 days in 2018. What were the company's average accounts receivable balance? (Use a 360-day year.)

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Knight Roundtable Co. had annual credit sales of $864,000 and an average collection period of 40 day...